The European Vermouth market in 2024 shows Poland as the leading country with a volume of 19.767 million liters. Belgium follows closely with 18.28 million liters. Other countries such as Sweden, Portugal, Hungary, Estonia, and Croatia have lower volumes. In 2023, Poland saw a substantial increase of 10.81%, whereas Belgium experienced a modest growth of 0.84%. Conversely, Sweden, Portugal, Hungary, and Croatia showed declines, with the largest in Hungary and Portugal at -2.49%. Estonia had a slight growth of 1.65% in 2023. Over the past five years, the market's CAGR indicates varied growth patterns among these countries.
Future trends to watch include:
- Increased consumer preference for premium and craft vermouth, which could drive growth in higher-value segments.
- The impact of sustainable production practices as a key factor for purchasing decisions.
- Potential shifts towards lower alcohol by volume (ABV) products in response to health-conscious consumer trends.
- The influence of digital channels and e-commerce in facilitating market penetration and consumer reach.
Top countries in Vermouth Market Size Volume by Country
| # | 7 Countries | Liters | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Poland | 19,767,000 | 2023 | +8.49% | +10.81% | View data |
| 2 | 2 Belgium | 18,280,000 | 2023 | +0.16% | +0.84% | View data |
| 3 | 3 Sweden | 6,670,400 | 2023 | -0.23% | -2.17% | View data |
| 4 | 4 Portugal | 4,789,300 | 2023 | -3.1% | -2.49% | View data |
| 5 | 5 Hungary | 1,684,400 | 2023 | -3.28% | -2.49% | View data |
| 6 | 6 Estonia | 512,780 | 2023 | -0.9% | +1.65% | View data |
| 7 | 7 Croatia | 246,770 | 2023 | +0.0077% | -0.91% | View data |
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